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Conversions10 min readOctober 15, 2024

The Ideal Candidate for Office to Residential Conversion

A checklist for identifying strong office-to-residential conversion candidates, with practical constraints around floor plates, light and air, zoning, and underwriting.

Conversions are not created equal. Candidate selection drives feasibility more than most line-items in the budget.

What Typically Works Best

  • Smaller or segmented floor plates that allow unit layouts with natural light.
  • Building geometry and window lines that support residential program.
  • Clear zoning path (or realistic variance/rezoning strategy).
  • Mechanical systems that can be adapted without extraordinary cost.

Underwriting Lens

Feasibility depends on unit yield, construction constraints, and the exit. The right deal pairs a viable building with capital that understands schedule and entitlement risk.

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